Kelly Ripa Announces New 'Live!' Co-Host — Watch The Video

Watch Kelly introduce her new co-host! What do you think of her decision?

It’s the question on everyone’s mind: Who is going to replace Regis Philbinon Live! With Regis And Kelly? Well, wonder no more! Kelly Riparevealed her new co-host this weekend — and she’s already drinking on the job! That’s right, it’s Kathie Lee Gifford.

If you can’t guess by now — or if you just really wish it were true — the whole thing was a sketch on Saturday Night Live, with Kristen Wiigreprising her perfect portrayal of everyone’s favorite morning-time wino, Kathie Lee.

Watch “Kelly” make her big announcement below, then vote: Do you wish Kathie Lee was really joining her?